Sasria rules out unrest claims if the power grid collapses
Sasria has joined private insurers in preparing for a potential total collapse of the national electricity grid, informing its clients that should it occur, policyholders cannot claim for damages. Nearly 2m people were left unemployed and over R50bn was “wiped off the economy” as shops, businesses, and warehouses were looted and torched in the violent July 2021 unrest that brought KZN and sections of Gauteng to a standstill. It subsequently did an about-turn.